It can put you at a higher risk of foreclosure if you face an unexpected vacancy or repairs.

Volume without quality, not surprising they are not at the top for most searches.

So from my experience here is what you can consider: Having a reliable technician or two on standby for unexpected issues. 

Any challenges or unexpected hurdles you've encountered?

This morning the HOA on one of my properties located in Colorado Springs informed the owners of a "Special Meeting Notice" to ratify an amended 2024 HOA budget due to an unexpected high insurance renewal.

And always get everything in writing so there are no surprises later.

This includes budgeting for initial investments, calculating potential returns, and having a contingency plan for unexpected expenses.Real Estate is a vast industry, and with dedication, continuous learning, and ample networking, success is within reach.

They were surprisingly much lower than Home Depot’s estimate and several different private contractors.

As others have said, there’s plenty of way to make up this marginal cost that saves your guests the embarrassment of asking upstairs to toss down a half used roll or make an unexpected run the gas station with a dirty bum

Challenges like unexpected renovation costs and tenant turnover can arise but with proper preparation and management, you can achieve great returns.